Welltower (NYSE:HCN) received a $66.00 price objective from analysts at SunTrust Banks in a report released on Monday. The firm currently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ price objective would suggest a potential upside of 11.32% from the company’s current price.
HCN has been the subject of several other reports. Stifel Nicolaus cut their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Capital One Financial raised shares of Welltower from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Royal Bank of Canada reissued a “hold” rating and set a $74.00 target price on shares of Welltower in a research note on Tuesday, October 10th. Finally, Stephens set a $70.00 target price on shares of Welltower and gave the company a “buy” rating in a research note on Friday, January 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.62.
Shares of Welltower (HCN) remained flat at $$59.29 during trading hours on Monday. The company had a trading volume of 3,011,600 shares, compared to its average volume of 2,615,815. The company has a market capitalization of $21,890.00, a price-to-earnings ratio of 52.01, a price-to-earnings-growth ratio of 3.93 and a beta of 0.25. Welltower has a one year low of $58.24 and a one year high of $78.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. sell-side analysts expect that Welltower will post 4.24 earnings per share for the current year.
In other news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the acquisition, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in Welltower by 11.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock valued at $533,618,000 after buying an additional 768,861 shares during the period. Dimensional Fund Advisors LP increased its stake in Welltower by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,171,211 shares of the real estate investment trust’s stock valued at $363,435,000 after buying an additional 121,252 shares during the period. PGGM Investments increased its stake in Welltower by 112.9% in the 3rd quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock valued at $335,159,000 after buying an additional 2,529,412 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Welltower by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,544,275 shares of the real estate investment trust’s stock valued at $226,019,000 after buying an additional 214,622 shares during the period. Finally, Legal & General Group Plc increased its stake in Welltower by 5.1% in the 3rd quarter. Legal & General Group Plc now owns 2,759,908 shares of the real estate investment trust’s stock valued at $193,968,000 after buying an additional 132,748 shares during the period. Hedge funds and other institutional investors own 86.40% of the company’s stock.
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Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities, and outpatient medical properties.